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Cardano (ADA)
- Live Price $1.21
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24h %
-0.11%
- Market Cap $43.30 B
- Volume $2.71 B
- ATH $3.09
- ATH(% Change) -60.75%
- ATH Date 2021-09-02
- High 24H $1.23
- Low 24H $1.13
- Available Supply 35.81 B ADA
- Rank 8
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More Info About Coin
Cardano: The Third Generation of Blockchain
What is Cardano?
Cardano is an open-source, decentralized blockchain platform that aims to provide a more secure, sustainable, and scalable platform for smart contracts and decentralized applications (dApps). It is often referred to as a third-generation blockchain, building on lessons learned from previous platforms like Bitcoin and Ethereum.
How does Cardano work?
Proof-of-Stake (PoS) consensus mechanism:
Unlike Bitcoin’s energy-intensive Proof-of-Work (PoW) consensus mechanism, Cardano uses a PoS system called Ouroboros.
In PoS, users stake their ADA tokens to validate transactions and secure the network.
This method is more energy-efficient and environmentally friendly.
Layered architecture:
- Cardano’s architecture is divided into two layers:
- Settlement layer: Handles the transfer of value and assets.
- Compute layer: Execute smart contracts and dApps.
This layered approach enables scalability and flexibility.
Formal Verification:
Cardano uses formal verification techniques to accurately prove the validity of its code. This ensures the security and reliability of the platform.
Smart Contracts and Decentralized Applications:
Cardano’s smart contract platform, called Plutus, allows developers to build decentralized applications.
These decentralized applications can range from decentralized finance (DeFi) protocols to supply chain management systems.
Key Features of Cardano:
Sustainability: The Point-of-Sale consensus mechanism reduces energy consumption.
Scalability: The layered architecture and sharding can improve scalability.
Security: Formal verification ensures the security of the platform and smart contracts.
Interoperability: Cardano aims to be interoperable with other blockchains.
Decentralization: A global community of stakeholders maintains the network.
Conclusion
Cardano is a promising Blockchain platform that focuses on security, sustainability, and scalability. Its unique approach and strong community support have made it a major player in the cryptocurrency and blockchain industry.
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ADA Price Live Data
The live ADA price today is $1.21 USD with a 24-hour trading volume of $43.30 B USD. We update our ADA to USD price "Cardano" now in real-time. ADA is up -0.11% down n the last 24 hours. The current ForexMony.com with a live market cap of $43.30 B ADA. It has a circulating supply of coins and a max. supply of $43.30 B ADA coins.